Dec 25, 2012 5:00am PST
they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn it could lead to a recession and big jump in unemployment. >>> and before the end of the year, right now homeowners do not have to pay tax on a portion of the mortgage short sale or principal reduction, in authority sale, they could soon own income tax on part of what they had to pay. >>> officers are looking for and they say he killed his brother-in-law. he left in an orange truck and he is considered to be armed and dangerous. >>> they are banning together to find an answer to problems putting escalators out of service. there are many things that can put escalators out of service, dropped keys and change, during the first week of june, a record 28 escalators were out of service. >>> firefighters in contra costa are getting a new tool to help save lives. we have more on how it detects local hospitals. >
Dec 28, 2012 5:00am PST
taken by monday or else automatic income tax increase will kick in on tuesday. republican aid say their leaders might now get on board with that. even so there is economic proof that many americans still fear going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted. >>> the sonoma county sheriffs office will continue its search today for a possible plane crash. an eyewitness reported seeing smoke coming from a distressed aircraft in the hills. search crews combed that area but have found nothing. >>> the military is investigating a fighter jet that went down near fresno know. the plane crashed during a routine training mission yesterday afternoon. that about 100
Dec 24, 2012 5:00am PST
-- transferred. it is known as a double irish where large payments are transferred in order to pay lower taxes. >>> and in the deadly san bruno explosion, the san francisco chronicle reports the money will pay for regulatory charges but they fear a criminal charge. so consumer groups turned down the deal, eight people died, 38 homes were destroyed in the 2010 explosion. >>> some city offices will be closed due to the christmas eve holiday. san carlos is closed through january 22nd and all bay area city offices are expected to close tomorrow for the christmas holiday. bay area post offices will close but post office says most locations will close at noon but male delivery will be delivered quickly and post offices will be closed on new year's day. >>> who is checking bart, is it on holiday schedule? >> that is right and tomorrow as well will be on holiday schedule and trains will be 20 minutes apart if you have to get out and about on christmas day. right now we will look at 880 southbound, we have this accident which has cleared over to the shoulder, fedex versus a car and i just want to make
Dec 26, 2012 5:00am PST
. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the deadline. it is the republican controlled householding out. house speaker john boehner wants increase for those making only 1 million a year. they say it's more likely we will go over the cliff than not. >> if we allow that to happen it will be the most colossal consequential act of congressional you are responsibility in a long time. >> reporter: some republicans are saying president barack obama will actually get his way if a fiscal cliff is not reached before the deadline, kyle la campbell, washington d.c. newsroom. >>> and in general delegations are not as crowded as the first ones. as many as 800,000 are expected to be there for the president's 21st inauguration and that's less than those who flooded the area in 2009. >>> it should be much better and governor brown wants to overhaul the state'